Gold Surges Past $3,000 as Economic Uncertainty Drives Demand

The historic price milestone reflects global investor concerns over geopolitical tensions and economic instability.

The price of gold has exceeded $3,000 per ounce for the first time, marking a historic high for the precious metal.
Analysts attribute the surge to heightened geopolitical tensions and economic uncertainties, which have led investors to seek safe-haven assets.
U.S. trade policies, particularly under President Donald Trump, are cited as a significant driver of market instability fueling gold's appeal.
Central banks, particularly in emerging markets, have increased gold purchases in response to fears of financial sanctions and global trade disruptions.
Experts predict that while gold demand remains strong, factors like weak jewelry demand and potential profit-taking could temper further price increases later in the year.